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The base metal mining market size USD 395.41 Billion as of 2025 and is anticipated to grow at a CAGR of 4.00% during the forecast period of 2026 to 2035. One of the major drivers of the base metal mining industry is increasing infrastructure development across the world, especially in developing economies. Increasing demand for copper, zinc, and aluminum for use in construction, transportation, and electronics drives mining activity and investment in exploration and production technology. The market is thus expected to reach a value of nearly USD 585.30 Billion by 2035.
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Increasingly booming electric vehicle (EV) sector is majorly driving the demand for base metals such as copper and nickel. EVs consume up to 80 kg of copper per vehicle, thus promoting increased mining to address the growing global movement toward sustainable mobility.
Asia-Pacific accounts for the highest percentage of the base metal mining market, spurred by industrialization in China and India. China's robust manufacturing sector and investments in infrastructure continue to fuel high base metal consumption, making the region a key target for mining growth, and hence increasing the growth of the base metal mining market.
Technologies like autonomous drilling, remote monitoring, and AI-based analytics are increasing extraction efficiency and safety. They minimize operational expenses and environmental footprints, leading to more sustainable mining operations with greater output from formerly less accessible or lower-grade base metal deposits.
Leading base metal mining market players are major multinational mining companies and regional players with large operations in copper, aluminum, nickel, and zinc mining. These players dominate global supply through large-scale mining, high technology, and sustainability programs. They aim to increase exploration, enhance resource efficiency, and incorporate renewable energy in mining activities to address increasing demand. Their activities also comprise strategic acquisitions and alliances with a view to consolidating their position in the market and securing consistent supplies of fundamental base metals worldwide.
Freeport-McMoRan, Inc.
Freeport-McMoran was founded in 1988 and is based in the United States. The organization mainly deals with copper, gold, and molybdenum mining. It owns some of the world's biggest copper and gold mines, such as the Grasberg mine in Indonesia. Freeport-McMoran is a significant producer of copper for use in different industries.
Antofagasta plc
Established in 1888, Antofagasta has its headquarters in Chile. It is a top copper producer and has a number of mining projects in Chile, which is one of the richest places in the world for copper deposits. Antofagasta specializes in exploration, extraction, and copper concentrate production.
Zijin Mining Group Co., Ltd.
Established in 1993, Zijin Mining is based in China. The main products of the company are gold, copper, and other base metals mining. It has several mining projects all over the world, including large copper and gold mines in China and overseas, and it concentrates on resource development and production.
Nornickel
Nornickel, founded in 1993 and based in Russia, is one of the world's largest producers of nickel and palladium. Nornickel is a specialist in the mining and refining of nickel, copper, platinum group metals, and other base metals, with major operations in Siberia and the Arctic.
Other key players profiled in the base metal mining market include Glencore plc, BHP Group Limited, Rio Tinto Group, Vale, Southern Copper Corporation, and Anglo American plc, among others.
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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In 2025, the base metal mining market reached an approximate value of USD 395.41 Billion.
The market is assessed to grow at a CAGR of 4.00% between 2026 and 2035.
The major drivers of the market include the expansion of various end user verticals, surge in industrialisation, rising urbanisation, infrastructural development, increasing demand for copper, rising focus of the government on pro-mining policies and an increase in disposable income.
Key trends aiding the market expansion include the growing technological improvements including the use of robotic and remote technologies, and the growing focus on recycling and sustainable mining practices.
North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa are the significant markets for base metal mining.
The products include copper, silver, zinc, lead, nickel, and aluminium, tin, among others.
Key players in the market are Freeport-McMoRan, Inc., Antofagasta plc, Zijin Mining Group Co., Ltd., Nornickel, Glencore plc, BHP Group Limited, Rio Tinto Group, Vale, Southern Copper Corporation, Anglo American plc, Others.
The market is estimated to witness healthy growth in the forecast period of 2026-2035 to reach a value of around USD 585.30 Billion by 2035.
The strict government policies related to mining, including its negative environmental impact, and high-risk nature of mining operations are the key challenges in the industry.
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United States (Head Office)
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+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61-448-061-727
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-723-689-1189
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63-287-899-028, +63-967-048-3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84-865-399-124